THENA Capital spearheads medtech innovation with £27m fund

THENA Capital, a firm specializing in early-stage medtech investments, has successfully secured £27 million in the first close of a new fund aimed at raising a total of £50 million. This all-female general partner-led initiative is poised to bolster British startups that are developing digital healthcare solutions and medical devices. Receiving notable backing from the British Business Bank's Enterprise Capital Funds programme, THENA Capital’s fund also draws support from notable entities and individuals, including Firebird Collective, This Day Foundation, Patrick Healy of Hellman & Friedman, and Baroness Martha Lane Fox. The initiative is lauded for filling a crucial funding gap in the UK’s medtech sector, a field vital to the nation's economic growth and innovation leadership in life sciences. With a commitment to transforming patient experiences and bridging the gender healthcare gap, THENA Capital underscores the necessity to support researchers and entrepreneurs who are introducing transformative medtech innovations.